Last week, Igor Samylin, Deputy General Director of OJSC North-West Telecom, attended a number of meetings with investors. The meetings were held on April 15th in New York and April 17th in London, within the framework of a road show arranged by JSC Sviazinvest and JPMorgan Chase Bank in the one-day conference format.
The conferences named “Russian Fixed-Service Telecommunication Companies: New Abilities” for the first time presented to international investors the integrated companies of the North-West, Urals, and Siberia that are establishing in the restructuring of the Sviazinvest holding.
The conferences aroused noticeable interest of the investor community, both in New York and in London. The road shows were attended by the largest investment funds and managing companies, such as Morgan Stanley, JPMorgan Fleming, Soros Fund, Goldman Sachs, Merrill Lynch, and some others.
The investors highly appreciated the progress in the holding restructuring, and welcomed the opportunity to directly discuss the development prospects of the North-West Telecom.
In his addresses, Mr. Samylin presented to the investors the integrated company emerging on the basis of the North-West Telecom. He discussed the prospects of fixed communication business development in the region and the Company’s plans for the future.
At the investors’ desire, apart from the North-West Telecom presentation, several face to face meetings were arranged as part of the road show, enabling the investors to discuss in detail matters of their concern, and make personal acquaintance with management of the North-West Telecom.
Comments Igor Samylin:
“Currently, steadily growing interest of large financial institutions in Russian communication market is felt. It is boosted by the ongoing reform of the Sviazinvest holding. The North-West region appears as one of the most attractive ones. It would be premature to mention anything more particular, but the level of their questions indicates serious intentions of the investors and their confidence in Russian telecommunication market.”